The Office of Risk Management issued Insurance Information Notice 2002-2
in February 2002 about the exclusion of coverage under the State Employee
Faithful Performance Bond Coverage for all employees, officers, directors, etc.
who had committed a dishonest act. The question, “What does a dishonest act
encompass?”, has been raised by several agencies.

Employee dishonesty
is defined in the policy as any dishonest acts committed by an employee acting
alone or in collusion with other persons, with the manifest intent to: